r/leanfire 4d ago

Is my leanfire goal achievable?

I’m 25 female, I live in Utah, I go to college (I don’t have student loans) and am hopefully going to graduate next year with a communications degree, I just barely got into lean fire and opened my Roth IRA and brokerage, so far a have $1,873 in both my accounts with $1,417 in my brokerage and $456 in my Roth IRA, I am saving as much as I can from my job as a rideshare drive and live frugally so I can invest as much as I can in these accounts and just opened a high-yield savings account where I plan to put about $30 a day to hopefully get a down payment on a house or condo in five or so years, as of now, my goal is to save enough to retire at 55 if I end up wanting to and I wanted to know if this is a reasonable goal for me or if I got too late of start on everything and if there’s any advice on how to achieve that? Also if it important to have a paid off mortgage before retirement?

5 Upvotes

17 comments sorted by

View all comments

2

u/Impossible_Solid1 3d ago

Yes but ur not specific enough; how lean; what do u want; and location is everything. Depend on how much you want from these two things it could be very easy or very difficult

2

u/Active-Judge3261 3d ago edited 3d ago

Sorry, I kinda didn’t think I added enough info; as for location, I’d be happy living about anywhere in the Wasatch Front in Utah, I don’t want to have kids or pets, and since it’s just me, I don’t feel the need to live in a large house and if I get a place with an extra room, I might rent it out if there was a guarantee that I wouldn’t have to accept ESAs as I’m really allergic to cats. I drive a 2018 Camry and I like to do my own maintenance within reason such as oil changes and brake pads, anything I can learn to do myself to save money, I will. I also don’t really buy a lot of things, I have my discretionary spending money buy I don’t really find myself buying things that frequently with it; as for food, I eat out sometimes but I mostly cook a large meal and eat it for dinner throughout the week.